Venezuela to pay billions of dollars in compensation to ConocoPhillips
![Photo: Ritzau Scanpix/AP/Mathias Delacroix](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article11242590.ece/ALTERNATES/schema-16_9/venezuela-str%25C3%25B8mnedbrud.jpg)
Venezuela will pay USD 8.7 billion to US oil major ConocoPhillips in compensation for the expropriation of oil by the country's former president Hugo Chávez, held a ruling from the International Centre for Settlement of Investment Disputes (ICSID).
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Sanctions against Venezuela could benefit tanker rates
For subscribers
US slaps de facto oil ban on Venezuela
For subscribers
New York sues five oil companies over climate change
For subscribers